Cinedigm (NASDAQ: CIDM) has acquired North American distribution rights for the psychological thriller 100 DAYS TO LIVE, focusing on themes of suicide prevention and mental health. The film, which follows a woman dealing with personal demons while searching for her kidnapped fiancé, will launch on major digital platforms in early 2021. Directed by first-time filmmaker Ravin Gandhi, the film has already garnered accolades at the San Diego International Film Festival. Cinedigm aims to leverage this acquisition to enhance its premium content portfolio.
Cinedigm (NASDAQ: CIDM) reported a significant 27% increase in Q2 FY 2021 digital sales from July 1 to September 30 compared to the previous year. This growth was driven by a remarkable 78% rise in transactional video on demand sales with Amazon. The company's streaming service continues to grow, expanding partnerships with platforms like NBC Universal’s Peacock and Fubo. Promotional campaigns have also boosted performance, underscoring consumer engagement in the digital rental and purchase space.
Cinedigm (NASDAQ: CIDM) announced a significant boost in its ad-supported streaming channel revenues, with a 29% increase from September to October 2020, and a remarkable 148% year-over-year growth compared to October 2019. The surge is attributed to heightened advertiser demand for connected TV ads, which represent over 96% of all ad impressions. Since March 2020, ad impressions have soared by more than 570%. To further enhance revenue growth, Cinedigm plans to launch 15 new channels and expand its advertising partnerships with key players in the industry.
Cinedigm (NASDAQ: CIDM) has announced that Pluto TV has secured exclusive rights to stream 'Yu-Gi-Oh! VRAINS' across various territories, bypassing traditional broadcast methods. This is part of a broader strategy to launch a dedicated Yu-Gi-Oh! branded channel on Pluto TV, set to debut in the U.S. later this month. The arrangement includes over 650 episodes from five Yu-Gi-Oh! series, aiming to cater to the global audience with multiple language dubs. The series will combine elements of virtual reality and artificial intelligence in its narrative.
Cinedigm (NASDAQ: CIDM) announced it will release its second quarter fiscal year 2021 financial results for the period ended September 30, 2020, on November 16, 2020, at 4:30 PM ET. A conference call will follow where investors can dial in or access via an audio webcast. Cinedigm has over 20 years of experience in the entertainment industry, offering premium content, streaming channels, and technology services globally.
Cinedigm (NASDAQ: CIDM) has partnered with Allied Vaughn Entertainment to enhance its content offerings by adding over 240 hours of premium digital content. This includes 90 films, 25 documentaries, and 6 series, aiming to attract brand advertisers transitioning their budgets to streaming. With over 15 million monthly viewers, Cinedigm's channels compete with basic cable networks. The partnership is expected to further boost Cinedigm's digital monetization efforts and strengthen its position in the OTT market.
Cinedigm (CIDM) announces the release of Tampa Bay Lightning® 2020 Stanley Cup® Champions on December 15, celebrating the team's championship victory over the Dallas Stars. This documentary features exclusive behind-the-scenes content, interviews, and game highlights from the 2019-20 NHL season. Available in Blu-ray, DVD, and Digital formats, it aims to capture the essence of the Lightning's historic journey, including their epic playoff run. The film will be accessible through various platforms including NHLShop.com and Amazon.
On October 28, Erick Opeka, President of Digital Networks at Cinedigm (NASDAQ: CIDM), will participate in a panel titled “TV’s Tipping Point” during Protocol’s first virtual event focused on technology and entertainment. The discussion will address key trends in streaming, such as cord cutting and ad-supported video growth. The event will be held via Zoom from 9 AM to 10 AM PT and will also be simulcast on YouTube. Opeka will share insights alongside industry leaders, emphasizing Cinedigm's commitment to shaping the future of digital entertainment.
Cinedigm (NASDAQ: CIDM) reported a significant growth in its portfolio of paid subscription streaming services, reaching over 142,000 paid subscribers, a 45% increase in the first half of its fiscal year. The company boasts 15.2 million monthly ad-supported users, up 238% year-over-year, with plans for more ad-supported services. The flagship network, CONtv, grew by 78% in paid subscriptions due to key partnerships and expanded content. Cinedigm aims to double its subscriber base to 290,000 through aggressive marketing and strategic acquisitions.